Aker BP's top shareholder claims that the company has opportunities for acquisition.

Aker BP is a Norwegian oil exploration and production firm that was formed through a series mergers and purchases in the past decade. Its top shareholder stated on Friday that there are opportunities to consolidate further on Norway's Continental Shelf.

Aker BP is aiming to increase its production to over 500,000 barrels of oil-equivalent per day by 2028. This will be a significant improvement from the few thousand barrels produced daily in 2013.

Oeyvind Ericsen, CEO of Aker ASA, which owns 21.16 percent of Aker BP shares, stated that Norway's second-largest oil company, behind Equinor, could continue to acquire assets from rivals.

Aker BP is interested in a few potential opportunities. Eriksen said that if and when the assets are available for sale, we will consider a transaction. The group is looking for high-quality assets rather than fields with declining production.

He said that there were a number of legacy assets on the market which did not interest him.

Aker BP CEO Karl Johnny Hersvik said on Wednesday that the company was looking for assets that would allow it to perform tasks faster, better or at lower costs and that there appeared to be opportunities to transact at attractive prices.

Aker is the primary investment vehicle for Norwegian billionaire Kjell-Inge Roekke. BP, with a stake of 15.87% in Aker BP, is the second largest shareholder. (Reporting and editing by Terje Solsvik, Christina Fincher and Nerijus Adomiaitis)

(source: Reuters)